Nekhili, Mehdi - In: Revue Finance Contrôle Stratégie 2 (1999) 3, pp. 179-206
This paper focuses on banks advantages, compared to bondholders, mainly by the induction of a better reliability for management. Hereafter, a panel of 84 French firms behavior in leverage is modelized. Our findings suggest that the quality of corporate management is not strictly related to the...